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20130115
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KQED (PBS) 28
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term. when he came -- what he came to talk about was the debt ceiling. he said we should not be a deadbeat nation. that was the quote of the day. so what was the point of making that, the subject of this final fight? >> well because he knows that republicans wants to make this the center piece of their fight for the next couple of weeks which is you use this debt ceiling vote to gain some leverage because when you're in the minority, you've got nothing but threat. to use this dead ceiling fight wlosht we're going to pay our bills as a way to have spending cuts. the republican house are backing away from that saying, fine, we're going to extend this debt ceiling. we're going to pass something for a short period of time but in the interim we better get sot cuts. >> you're talking about what the house republicans put out today. isn't -- i hate to use the term -- kicking the can down the road. isn't this just taking us back to where we were before, delaying the inevitable? >> yes, but it's not just about the debt ceiling. this is one of the reasons the inauguration comes at s
. they are busy paying for pensions and prisons. >> more on the debt ceiling debate. >> america cannot afford another debate with this congress about whether or not they should pay the bills they have already racked up. the financial well-being of the american people is not leveraged to be used. the full faith and credit of the united states of america is not a bargaining chip. >> america has a debt problem and a failure of leadership. americans deserve better, and therefore intend to oppose the effort to increase america's debt limit. senator barack obama, march 16, 2006. >> it is not good for obama. he was also -- he also knew that his vote would not make a difference. >> come on. he said what he said pier do not cover for him. >> people do different things at different times. >> there is a deeply depressing column by david brooks in "the new york times" that says the era of the grand bargain, as he calls it, is over. there was a feeling over the past couple of years that both sides would cut taxes and raise entitlements and get a grand bargain. that seemed to be a lost opportunity. obama s
as my first term comes to an end. >> brown: the questions were dominated by the looming debt ceiling fight. the president sternly warned republicans not to balk at raising the nation's borrowing limit. >> they will not collect a ransom in exchange for not crashing the american economy. the financial well being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly because time is running short. >> brown: congress has until march to raise the debt ceiling and prevent a government default. most republicans have insisted that with the government facing another trillion dollar deficit this year, any increase in borrowing authority must be tied to cuts in spending. the president flatly disagreed. >> i want to be clear about this. the debt ceiling is not a question of authorizing more spending. so while i'm willing to compromise and find common ground over how to reduce our deficits, america cannot afford another debate with this congress about whether or not they should pay the b
in temperament and in words on the debt ceiling. >> charlie, i think he realizes he has a winning hand substantively on this and there will be caveats in just a moment. i was struck, however that what this really, his last press conference his first term showed he should have had a lot more than he did. because he's rusty. if was almost analogy can be made to that first debate. he went on too long for a while. he stepped on his narrative some. and if you read t i think reads better than it looked. the reason i say i think he believes he has the upper hand on the debt sealing is because republicans have a losing hand. they don't want to hold the full faith and credit of the united states hostage to cutting entitlements. that's just not a winning hand but there are other games they can play in the middle on that and i think that obama did at best a fairly good job today in countering that. >> rose: major? >> well, the president uses press conference primarily, charlie, to tell the republicans in the countries that's watching and the bond markets and financial markets all over the world t
to negotiate. and they fired back that the debate over the debt ceiling was the perfect time to consider legislation to cut spending. at the same time, only a handful of republicans have actually said they'd let the united states default on its bills. >> the president claims this, but republicans have always raised the debt ceiling. we've never seen the debt limit fail to be raised. all they have said is we want to apply the same criteria that the president himself applied when he was a senator and say we don't want to give the president a blank check. we would like to fix the substantive problem which is the level and the growth in the debt. >> reporter: markets are almost treating the fight over the debt ceiling as the sequel to a bad movie. and investors have a pretty good feel for how this cliffhanger ends. >> they don't really care about the brinksmanship until they are right up to the brink, but also, the more dangerous the fall, off the brink, they figure the less likely that it's going to happen. >> reporter: treasury secretary timothy geithner told congress today that unless it
: the new republicans in congress were threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, many of them avowed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader,
's debt ceiling through may 19. that vote is set for tomorrow. congressman paul ryan, last year's republican vice presidential nominee, said today republicans want to shift the focus to enacting a budget, with major spending cuts. the senate is going on four years now for not having passed a budget. we think this gives us the time we need in this nation to have a good, thorough vigorous and honest debate about what it takes to get our fiscal house in order and about how to budget. families budget. businesses budget. our federal government should budget. >> ifill: the bill also says if lawmakers don't enact a budget with spending cuts, they won't be paid. in the senate, democratic majority leader harry reid declined to comment on that provision, but he did say that, in general, he welcomes the house move. >> i'm very glad that they sent us up a clean... they're going to send us a clean debt ceiling bill. the other stuff on it will athat when we need to. i'm glad we're not facing crisis here in a matter of a few days. >> sreenivasan: president obama said he wanted a longer-term ex
to raise the debt ceiling in a "timely manner." the ratings agency said any delay in action could trigger a prompt review and potential downgrade of the u.s.' aaa credit rating. the treasury believes the u.s. will hit the so-called debt ceiling late next month. >> tom: 2012 was one for the weather record books. it was the ninth hottest year on earth, based on records going back to 1880, according to nasa. the trend of rising temperatures always brings up a debate over climate change, but it's been four years since congress tried to tackle the issue. darren gersh reports from washington. >> reporter: it was not just the united staá?:háhat sweltered through last summer. nasa confirms 2012 was one of the hottest years on record for the entire globe. 2012 was one degree warmer than normal for the 20th century, and, compared to records dating back to 1880, the globe has warmed by 1.4 degrees. nasa scientists also believe the warming trend is accelerating, just as analysts see the political will for climate change hitting new lows. but that doesn't mean the issue has gone away; it's just taki
obama. they're offering up a compromise on the debt ceiling: a three month increase in the federal borrowing limit. it's expected to come to the house floor next week, but it comes with strings attached. the proposal includes a condition that house and senate lawmakers pass a budget blueprint for the coming year or go without pay. house majority leader eric cantor said it's simple. congress shouldn't be paid for failing to do its job. >> tom: next week 80 companies are scheduled to turn in their latest quarterly financial report cards. but rather than the short-term focus on the bottom line, our next guest thinks businesses need to consider all stakeholders, not just shareholders. john mackey is the co-founder and co-c.e.o. of whole foods market. he's author of "conscious capitalism: liberating the heroic spirit of business". john, why is concentrating on shareholders a myth as you call it? >> i don't know if concentrating on shareholders is a myth. i mean, most companies do concentrate on their shareholders. it's just not the best business strategy. because you have an interdepend
on lifting the debt ceiling. majority leader eric cantor said today republicans want an interim measure to provide about three more months of borrowing authority. the bill would not mandate immediate spending cuts, as house speaker john boehner earlier promised. instead, it would force congress to pass a budget or go without being paid. the government could reach the current debt ceiling by mid-february. ray nagin, the mayor of new orleans during hurricane katrina, has been indicted on charges for corruption. a federal grand jury accused him today of bribery, wire fraud, and money laundering while in office. nagin was the city's mayor from 2002 until 2010. two former new orleans officials and two businessmen have already pleaded guilty in the case. u.s. attorney general eric holder today defended president obama's moves to curb gun violence. the president signed 23 executive orders this week, calling for such things as more research into gun violence. today, in washington, holder told the u.s. conference of mayors that there's no question the orders are legal. >> now let me be very clea
credit status if there's a delay in raising the debt ceiling. the federal government is expected to exceed its borrowing limit by march, unless congress acts. if fitch does downgrade u.s. debt, it would join standard and poor's, which took that action in 2011 during the last debt ceiling debate. the u.s. house moved to pass a hurricane sandy relief bill this evening. $17 billion would go for immediate recovery in the affected northeastern states. another $33 billion is for long- term spending. some republicans argued that much of the money isn't for emergency relief at all. california's tom mcclintock called for stripping that funding out. >> according to the congressional budget office, more than 90% of this money won't even be spent this year. that's not emergency relief. $16 billion is to quintuple the size of the community development block grant program. that's the slush fund that pays for such dubious projects as doggie day care centers and doesn't even have to be spent in the hurricane area. >> sreenivasan: other republican >> sreenivasan: other republicans joined with mos
the national debt ceiling. republican leaders announced today the extension lets the government continue borrowing money until may 19. the current debt ceiling-- $16.4 trillion-- could be reached as early as mid-february. the house bill does not specify a new dollar amount. it does mandate that congress approve budgets, or lawmakers won't be paid. major league baseball lost two hall of famers over the weekend. st. louis cardinals great stan musial-- "stan the man"-- died saturday at his home just outside the city. he played 22 years, helping the cards win three world series titles in the 1940's. he was widely regarded as one of game's greatest hitters ever. stan musial was 92 years old. also saturday, former baltimore orioles manager earl weaver passed away, during a caribbean cruise. weaver won the world series in 1970, and took his teams to three others. along the way, he gained fame for his fiery, in-your-face confrontations with umpires. he was ejected from games 91 times over 17 seasons. earl weaver was 82 years old. >> brown: finally tonight, a closing reflection on the inauguratio
figures show it is possible for the u.s. government to avoid defaulting on its debts even if the debt ceiling is not raised. >> and there is no reason for the government to default unless president obama and the democrats want us to. it's just a scare tactic to continue the spending that they don't want to address. that's why they keep saying, "oh, we're going to default. we're going to default. we're going to default." it's just not true. >> reporter: but talk like that scares many budget analysts in washington. they argue markets will see a failure by the unit ed states to pay any of its bills as a threat it could one day stop paying some or all of its bills, including interest on its debt. >> if we pay the chinese the interest we owe them on their sovereign debt holdings, on time and in full, but we don't pay social security recipients or armed services personnel their salaries, is that a default? well, of course it is. >> reporter: a recent inspector general's report found the treasury doesn't have the computer systems in prioritize some payments over others. so if the treasury ru
the debt ceiling. >> we are not a deadbeat nation. there's a very simple solution to this. conk authorizes us to pay our bills. gwen: but it's far from clear if congress will cooperate or if it should. tonight we look ahead to the challenges of a second term, tonight we look ahead to the challenges of a second term, with charles
for the debate in congress? as the debt ceiling hovers over head? >>> plus governor jerry brown up close and personal. in an exclusive interview with pbs "newshour's" spencer michels. >> it drives me crazy when people say, you haven't done anything. should we cut the colleges more and pump it into the prisons? >> our spotlight on politics coming up next.
there will be -- and inability to raise the debt ceiling, 35 is an inability to do anything in terms of the parties agreeing, both republican and democratic party agreeing on some future course that still there will be an american economy that is growing and is healthy? >> it won't be growing as fast, but if you think about america in the context of europe and japan the willingness of internationals to continue to provide lots of lending support for the u.s. dollar and treasuries remains very high. >> rose: why is that? why do they continue to do that? obviously they believe it is a stable place to be. >> we will be the world's largest energy producer and largest producer of calories, producer of calories, of food, the technology development, overwhelmingly based in the u.s. our demographics are pretty good, housing is picking up, we have a lot of money, this doesn't speak well for unemployment in the u.s. and doesn't speak well well for a lot of people doing the way they used to our their kids but in terms of looking at the united states, our risk wasn't called the u.s., the risk was called washington pol
Search Results 0 to 27 of about 28 (some duplicates have been removed)

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